Advertising
Advertising

8 Things You May Not Realize You Own That Could Make You Rich

8 Things You May Not Realize You Own That Could Make You Rich

Collectors are an interesting breed, willing to pay top dollar to own something that few would find value in. Because of some very rich individuals seeking rare objects, you can become fairly rich yourself if you have any collectable pieces in your home you’d be willing to put up for sale. Check out this list of 8 things that might appear to be junk – that can make you rich.

1. Trading cards

mays

    Whether they be celebrating sports, games or children’s cartoons, trading cards can reap you some serious dollars. Check out the Willey Mays baseball card above that’s offered for almost $10,000 on eBay. It’s crazy how nutty some collectors will go for a piece of cardboard and you can benefit from that!

    Advertising

    2. Vintage tech

    mac

      What means “outdated” to you may mean “vintage” to a collector. If you have any particularly old technology, do a quick eBay search before tossing it out. Maybe you’ll become rich quick with almost no effort required.

      3. Video games

      Advertising

      atari

        If you didn’t cash out and sell your video games to a retailer for store credit after you finished them, you might find that some of the older ones have turned into major cash cows. There’s a huge after-market for Nintendo games in particular, since they stop production on their titles fairly quickly after release. Who knows, maybe you’ll end up finding one of the most valuable video games in the world among your collection and sell it for tens of thousands of dollars! Even if you don’t, you could still make a pretty penny off of some of the unplayed video games stored in your basement.

        4. Traditional games

        monopoly

          Considering the endless variations of Monopoly, there are bound to be collectors who would be willing to make you rich in exchange for unique editions they missed out on – that you might have in your possession. Check out the eBay listing above asking for almost five grand for an example of just how much people will spend on a basic board game.

          Advertising

          5. Old comics

          comic

            Comic books were seen as disposable for a long time, which is why there are so few first-print editions left of original titles about iconic characters like Batman, Superman and Spider-Man. If you have comics, especially ones from the 70s and earlier, you could be in for a big pay day.

            6. Old toys

            Advertising

            Screen Capture_2

              Yet another type of product from the lucrative after-market of children’s entertainment that can make you rich! People desperately want some kind of tangible representation of their childhood, or an item that demonstrates just how much they love a certain TV show or movie or book series. Those action figures in the old toy box could make you very rich with a little luck.

              7. Signed copies of things

              signed

                Signatures from famous people, especially those who are dead or otherwise indisposed, hold a lot of value. If you’ve held on to the inherited objects family has passed on to you (even though you may not recognize any value it) you may get lucky and become rich. It’s possible for example, that an old book in your possession was signed by a famous author. A hunt around your bookshelf will answer that question for you.

                8. Collectibles

                Coins & Buttons
                  Image – Dan Century/Flickr.

                  People, for whatever reason, collect a lot of different trinkets that are worth nothing to us but worth some serious cash to the right collector. Look in your home for anything that you know people like to seek out. They could be coins, buttons, patches, stamps or any number of other things that appeal to those who like to build complete collections. Just about anything at all collectible could potentially make you rich. Just rummage around your house or your apartment and you might just stumble upon something innocuous that will end up changing your life.

                  Featured photo credit: Rare video game peripherals/Generic Brand Productions via flickr.com

                  More by this author

                  Matt OKeefe

                  Freelance Writer, Marketer

                  15 Productive Things to Do When Bored (So Time Is Not Wasted) The 10 Best Online Dictionaries 15 Easy Ways For Everyone To Make Money With Social Media 7 Ways To Give Great Feedback This Is What The Cozy Home Designed By 2000 People Looks Like

                  Trending in Money

                  1 How Being Smart With Your Money Leads to Financial Success 2 17 Practical Money Skills that Will Set You Up for Early Retirement 3 25 Things to Sell to Make Extra Money Easily 4 How to Pay off Debt Fast Using the Stack Method (A Step-By-Step Guide) 5 30 Fun Things To Do With Your Friends Without Spending Much

                  Read Next

                  Advertising
                  Advertising

                  Published on September 17, 2018

                  How Being Smart With Your Money Leads to Financial Success

                  How Being Smart With Your Money Leads to Financial Success

                  Achieving financial success is not something that just happens. Maybe if you win the lottery or something, but for the average person like you or me, it comes from a series of small steps you take over a long period of time.

                  With each step, you form a new smart money habit. And with each smart money habit, you build towards financial independence.

                  So what sort of habits can you form to get on that path? Let’s take a look at smart money habits you can start today to get you closer to a financially independent future.

                  1. Avoid being “penny wise but pound foolish”

                  It’s tempting to try saving a couple cents here and there when buying small items. However, that’s not where the real money is saved. You’re putting in extra effort for something that doesn’t move the needle.

                  You get the most bang when you’re able to cut down on your bigger bills. For example, finding a lower interest rate for your mortgage could save you $50+ per month. And cutting your transportation bill by purchasing a cheaper car or taking public transportation can provide large gains as well.

                  So, look at your recurring expenses such as housing, transportation, and insurance, and see where there’s wiggle room. It’s a much better use of your time than trying to pinch pennies here and there on smaller purchases.

                  2. When you want something big, wait

                  Impulsivity can get you in trouble in most aspects of life. Finances are no different.

                  It’s human nature to see something and want it right then and there. It starts as a kid in the checkout line at the grocery store, and it continues on through adulthood.

                  We get an idea in our head of something we want, and it’s hard not to go out and get it right then.

                  A good example is wanting a new car. Perhaps you’ve had your car for several years. It’s crossed the 100k mile mark. Maybe maintenance is due, and you’re annoyed that you need to replace the timing belt or purchase new tires.

                  Advertising

                  So, you get the itch.

                  You start digging around online, and you realize you could trade in your current car for something newer and more exciting… all for a few hundred bucks a month. Then you get obsessed.

                  Here’s where you have to take a step back.

                  Your newfound obsession is clouding your judgement. Rather than giving into the impulse, wait it out.

                  Set a timeframe for yourself. Maybe you come back to the decision three months down the road. See if the obsession lasts.

                  It might, but often, a funny thing happens. Often, you forget about it. And often, you find that the new car wasn’t a need at all.

                  The impulse faded. And you just saved yourself a ton of money.

                  3. Live smaller than you can afford

                  You finally get that big raise. And you want to celebrate – and why not?

                  You’ve been looking forward to this forever. And after all, it was all due to your hard work.

                  That’s fine, splurge a little. However, make it a one-time deal and be done.

                  Advertising

                  Don’t get caught in the trap that just because you’re now making more money, you should spend more.

                  Too often, people get more money and feel like they that gives them the means to buy a bigger house, a bigger car… you know the drill. Resist.

                  The fact is that living smaller than what you can afford is one of the fastest ways to build savings.

                  But if you constantly upgrade as you begin to make more, then you’ll never get ahead. You’ll just build up more debt along the way and have just as little wiggle room as before.

                  4. Practice smart grocery shopping

                  Food… it’s one of the biggest portions of any budget. And if you’re not careful, it can be one of the biggest drains on your wallet.

                  But luckily, there are a few things you can do to ensure that you stay smart with your money when buying groceries.

                  Create a grocery budget

                  Set a strict weekly grocery budget. When you know how much you can spend on groceries, you can then plan your weekly menu around it.

                  Once you know what all you need, you can go shopping and keep a running tally as you shop to ensure you’re on track.

                  I tend to do this in my head, rounding for each item. However, writing it down as you go would probably work best for most people.

                  Make a list… and never deviate

                  Never go to the grocery store without a list. If you go to the store with a ballpark idea in mind, you don’t have a true ide of what you need.

                  Advertising

                  You’re not well-researched. You don’t know what the sales are. As a result, you’re going to make decisions on the fly.

                  These impulse decisions will lead to overspending, which will derail your grocery budget.

                  Eat before going grocery shopping

                  It’s also important to eat prior to going to the grocery store. Hunger is a powerful force.

                  If you’re shopping on an empty stomach, everything is going to look good. In particular, you may find a lot of ready-made, processed snacks will look enticing.

                  After all, you’re hungry now and that food is easily available. So subconsciously, you may lean towards those items.

                  Unfortunately, not only are those items typically less healthy, but they’re likely more expensive. You pay for convenience.

                  However, when you eat prior to shopping, then you’ll shop with a clear mind. Your hunger won’t cloud your judgement, influencing you to make poor decisions like a cartoon devil resting on your shoulder whispering in your ear.

                  This makes it much easier to stick to your grocery plan.

                  5. Cancel your gym membership

                  Now that you’re all set on your food, it’s time to get smart about managing your budget in terms of physical fitness. And let’s begin by avoiding the gym. The gym bill, that is.

                  The average gym membership costs around $60 per month. That’s $720 a year.

                  Advertising

                  Yet, two out of three gym memberships go unused. That means two-thirds of people who have a gym membership are literally giving away almost a thousand bucks a year. It’s crazy!

                  I recommend seeking an alternative. One good alternative is to look into fitness streaming services.

                  Streaming services allow you to stream hundreds of workouts like Insanity and p90x, right in your own home for around $10-20 a month. That’s $40-50 less a month than the average gym membership.

                  Of course, then there’s the free option. The internet is full of free workouts that you can do on your own with minimal or no equipment.

                  For example, there’s the Couch to 5K program, that I personally used a decade ago to ease myself from couch potato to running my first 5K race. If I could do it, anyone could.

                  Then there are free resources like reddit that have limitless information on workouts. The Fitness subreddit has done all the research for you, populating workout tips and detailed workout routines for anyone to use in their wiki.

                  There are several routines that require no equipment. And you can join in on the subreddit to become part of the community, making it easier for those seeking comraderie and encouragement in their fitness goals. All for free.

                  It’s baby steps… And baby steps can start now!

                  I’ve never met anyone that can’t stand to be a bit smarter with their money. And on the flip side, anyone can get smarter with their money. But remember, it doesn’t happen all at once.

                  Begin by fighting your impulses. Prepare for the week and be smart at the store. And cut monthly expenses like gym memberships that are overpriced and you probably aren’t getting your money’s worth out of anyway.

                  The devil is in the details. And the details can change your lifestyle and prep you for a financially independent future.

                  Featured photo credit: Unsplash via unsplash.com

                  Read Next